Act No. 12 Section 3

Section 3

SEC. 3. The items in the third column shall be made by reducing the items in the first column to United States money at the ratio for the quarter established by order of the Military Governor, and adding to the amounts thus obtained the corresponding items in the second column, but the ratio of reduction for the quarter beginning October first, nineteen hundred, and ending January first, nineteen hundred and one, shall be two dollars of insular money for one dollar of United States money of his receipts and disbursements.

Read the full instrument →

Other provisions in Act No. 12

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 12 Section 3 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

Continue your research

Act No. 12, full textThe complete text of this law, so you can read this section in contextPhilippines legislation Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year Philippines: what this database coversWhich datasets are here, which official source they come from, and how current they arePhilippines overview